Stifel Financial Corp Lowers Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Stifel Financial Corp lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,932 shares of the aerospace company’s stock after selling 20,565 shares during the period. Stifel Financial Corp owned about 0.17% of Kratos Defense & Security Solutions worth $5,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KTOS. Dimensional Fund Advisors LP lifted its holdings in Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after purchasing an additional 136,696 shares in the last quarter. FMR LLC raised its position in shares of Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after buying an additional 139,853 shares in the last quarter. American Capital Management Inc. boosted its holdings in Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after buying an additional 305,925 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock worth $50,655,000 after buying an additional 19,104 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $26.84 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 268.40 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62. The stock’s fifty day moving average is $25.51 and its two-hundred day moving average is $22.90.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group boosted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $26.40.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $106,920.00. Following the sale, the insider now owns 47,007 shares in the company, valued at approximately $1,256,497.11. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $1,034,331.17. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock valued at $1,770,970 over the last 90 days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.